Whale Signals Solana Surge Despite Cooling Ethereum

A major whale trader on Hyperliquid has made a significant bet, allocating $30 million to a long position in Solana (SOL) and simultaneously establishing a short position on Ethereum (ETH). This strategic move highlights diverging momentum between the two assets. 20x leveraged long positions totaling $30.75 million have been deployed on SOL, while ETH was shorted with a similar leverage, indicating a clear directional conviction for Solana.